5905 Lee AVE Downers Grove, IL 60516 New

UPDATED: 04/10/2026 09:50 AM ON MARKET: 1 days on market

$280,000

3 Beds2 Baths1,140 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached Single

Listing Status Active

Purchase Type For Sale

Square Footage 1,140 sqft

Price per Sqft $245

MLS Listing ID 12595465

Style Ranch

Bedrooms 3

Full Baths 2

Year Built 1955

Annual Tax Amount $4,863

Tax Year 2024

Lot Size 0.450 Acres

Lot Dimensions 66x300

Property Sub-Type Detached Single

Property Description

Opportunity knocks in one of Downers Grove's most desirable locations. This solid 3 bedroom, 2 bathroom home sits on an expansive 66x300 lot and offers incredible potential for investors, flippers, or handy homeowners ready to add value. This is primarily a moderate to heavy cosmetic rehab, making it an ideal project for those looking to maximize returns without taking on a full gut renovation. With strong buyer demand in the area, this property presents a clear path to profit whether you're planning to renovate and resell, hold as a rental, or create your own customized home. The location is a major advantage. Just minutes from Downtown Downers Grove, the Metra, and major highways including I-355, I-88, and I-55, this home offers convenience that today's buyers and renters are actively seeking. It's also situated within the highly regarded Indian Trail Elementary, O'Neill Middle School, and Downers Grove South High School districts. Surrounded by parks, restaurants, shopping, and everything that makes Downers Grove such a sought-after community, this is a rare chance to secure a value-add property in a high-demand neighborhood. Bring your vision and unlock the incredible upside potential this solid home can offer!